Sanders Morris Harris LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA – Free Report) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 4,261 shares of the credit services provider’s stock, valued at approximately $2,361,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Foster Group Inc. increased its stake in shares of Mastercard by 0.9% during the third quarter. Foster Group Inc. now owns 2,122 shares of the credit services provider’s stock valued at $1,170,000 after purchasing an additional 18 shares in the last quarter. Athena Wealth Management LLC boosted its position in shares of Mastercard by 3.8% in the 2nd quarter. Athena Wealth Management LLC now owns 514 shares of the credit services provider’s stock worth $264,000 after purchasing an additional 19 shares in the last quarter. Novem Group boosted its position in shares of Mastercard by 0.4% in the 2nd quarter. Novem Group now owns 4,680 shares of the credit services provider’s stock worth $2,404,000 after purchasing an additional 19 shares in the last quarter. Vista Capital Partners Inc. boosted its position in shares of Mastercard by 4.5% in the 2nd quarter. Vista Capital Partners Inc. now owns 444 shares of the credit services provider’s stock worth $228,000 after purchasing an additional 19 shares in the last quarter. Finally, Brandywine Oak Private Wealth LLC grew its stake in shares of Mastercard by 0.7% in the 1st quarter. Brandywine Oak Private Wealth LLC now owns 2,842 shares of the credit services provider’s stock worth $1,420,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.
Trending Headlines about Mastercard
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Analysts expect Mastercard’s upcoming third-quarter report to show double-digit earnings growth. The company’s latest quarter exceeded consensus estimates for both revenue and EPS, reinforcing expectations for continued operating momentum. Mastercard earnings expectations
- Positive Sentiment: Mastercard is expanding into digital assets through a crypto-linked card program in Mexico with SoFi Tech Solutions and Orbi. The offering lets users spend fiat or cryptocurrency while merchants receive traditional currency, potentially increasing transaction volume on Mastercard’s network. Mastercard Orbi crypto card program
- Positive Sentiment: A new Open USD stablecoin initiative on Solana positions Mastercard for blockchain-based settlement and cross-border payments. The company also announced an Africa cybersecurity center and an Asia-Pacific fleet-payments network with WEX, broadening its commercial and emerging-market growth opportunities. Mastercard stablecoin initiative
- Positive Sentiment: Technical coverage highlights Mastercard’s sustained rally, movement above key buy points and potential for a longer-term breakout. Several analysts maintain bullish ratings, with a reported consensus price target materially above recent trading levels. Mastercard technical breakout analysis
- Neutral Sentiment: Director Julius Genachowski sold shares in two transactions totaling roughly $435,000 under a pre-arranged Rule 10b5-1 plan. The sales reduce his holdings but are less significant as a discretionary bearish signal because they were scheduled in advance. Mastercard insider transaction filing
- Negative Sentiment: Mastercard and Visa reportedly face a £700 million U.K. class action concerning post-Brexit fees. Although the ultimate financial impact is uncertain, the litigation creates a potential regulatory and liability overhang for MA. Visa and Mastercard U.K. class action
Mastercard Stock Down 0.4%
Mastercard (NYSE:MA – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, beating the consensus estimate of $4.77 by $0.27. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.08 billion. During the same quarter last year, the firm earned $4.15 earnings per share. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, analysts predict that Mastercard Incorporated will post 19.90 EPS for the current year.
Mastercard Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Friday, October 9th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is presently 19.14%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. Rothschild & Co Redburn reduced their price objective on Mastercard from $710.00 to $688.00 and set a “buy” rating for the company in a research report on Wednesday, September 2nd. Evercore boosted their target price on Mastercard from $550.00 to $620.00 in a report on Friday, July 31st. KeyCorp boosted their target price on Mastercard from $670.00 to $680.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Robert W. Baird increased their target price on Mastercard from $660.00 to $710.00 and gave the stock an “outperform” rating in a research note on Friday, October 9th. Finally, TD Cowen raised their price target on Mastercard from $664.00 to $667.00 and gave the company a “buy” rating in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $681.56.
Get Our Latest Research Report on MA
Insiders Place Their Bets
In other news, CEO Michael Miebach sold 16,628 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $567.68, for a total value of $9,439,383.04. Following the completion of the transaction, the chief executive officer owned 115,921 shares in the company, valued at $65,806,033.28. The trade was a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Julius Genachowski sold 371 shares of the company’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $585.01, for a total value of $217,038.71. Following the transaction, the director directly owned 8,607 shares in the company, valued at approximately $5,035,181.07. The trade was a 4.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 68,359 shares of company stock worth $39,290,046 over the last three months. Company insiders own 0.09% of the company’s stock.
About Mastercard
Mastercard Incorporated (NYSE: MA) is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates the authorization, clearing and settlement of electronic payment transactions, while generally not issuing cards or extending credit itself. Its network supports payments made in stores, online and through mobile devices.
Mastercard’s products and services include consumer and commercial payment cards, digital payment solutions, payment processing, fraud prevention, cybersecurity, identity verification, data and analytics, and open banking tools.
Featured Articles
- Five stocks we like better than Mastercard
- Tesla Wants to Make Its Own Chips—What Could Go Wrong?
- IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver?
- PBF Energy’s Stunning Rally Faces a Critical Test
- Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA – Free Report).
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.
